EXIM Bank May Finance Gas Liquefying Terminal Construction in Georgia

American EXIM Bank will finance the implementation of energy projects in Georgia, Georgian Prime Minister Nikoloz Gilauri said at his meeting with EXIM Bank representatives of October 7.

Georgian Energy Minister Aleksandre Khetaguri, who is visiting the USA jointly with the Prime Minister, says EXIM Bank discusses the issue of financing the construction of a natural gas liquefying terminal in Georgia as part of the joint project of Georgia, Azerbaijan and Romania. The project calls for liquefying Azerbaijani natural gas in Georgia to further transport it to Romania for re-gasification and deliver to the European Union countries.

“Georgia acts as an energy corridor for exports of gas, electricity and oil. Additional projects and development are of crucial importance for both Georgia and the whole region and the European energy security”, Gilauri noted.

The Georgian delegation also discussed the issue of electricity exports to Iraq via Turkey as part of the meeting with the US Deputy Secretary for Energy Issues.

As reported, Georgian Prime Minister Nikoloz Gilauri left for the USA on October 5. Gilauri has attended the second final session of the Georgia-USA strategic partnership charter.

EXIM Bank is the US official credit agency, which is to promote major and small American companies to increase the export potential.